U.S. mortgage rates fell this week after an upward move last week, according to Freddie Mac.
The 30-year fixed mortgage averaged 4.57 percent for the week ending June 21, down from 4.62 percent the previous week. A year ago, mortgage rates stood at 3.9 percent.
Low mortgage rates have helped propel U.S. home sales, as well as the refinance market.
“After a sharp run-up in the early part of 2018, rates have stabilized over the last three months, with only a modest uptick since March,” said…